Bidding Wars Heating Up Again

Tuesday July 14, 2020

Bidding Wars Heating Up Again
With buyer demand growing and the supply of available homes shrinking, purchasers are again finding themselves needing to outbid other buyers. NAR, in a recent blog post, revealed: “On average, there were about three offers on a home that closed in May, up from just about two in April 2020 and in May 2019 (2.3 offers).” Bidding wars guarantee houses sell quickly at a price near or even slightly over the listing price.
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